Chapter 10 Accounting Homework

Chapter 10 Accounting Homework - Interest Payable 31-May...

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Eric Han Chapter 9 Accounting Homework: 10 11/23/2009 1 a Cash $3,650,000.00 Bond Payment a and b Interest Expense $182,500.00 Cash c Cash $3,517,000.00 Bond Pay Discount on Bonds $73,000.00 Cash $3,832,500.00 Bond Pay Bond Premium 4 a. b. 40,500 x 3 121,500 -11,795 109,705 c. Six payments of $20,250 $121,500.00 Less premium $(11,795.00) Total Bond Interest Expense $109,705.00 Semiannual Interest Period End Unamortized Premium 1/1/2009 $11,795 6/30/2009 $9,829 12/31/2009 $7,863 6/30/2010 $5,897 12/31/2010 $3,931 6/30/2011 $1,965 12/31/2011 $- 13 a Discount 2150 Semiannual Interest Period End Unamortized Premium 6/1/2009 $2,150 11/30/2009 $1,881 5/31/2010 $1,612 11/31/2010 $1,343 5/31/2011 $1,074 11/30/2011 $805 5/31/2012 $536 11/30/2012 $267
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5/31/2013 $- b 30-Nov Bond Interest Expense $2,269.00 Discounts on Bonds Payable Cash 31-Dec Bond Interest Expense $378.00 Discounts on Bonds Payable
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Unformatted text preview: Interest Payable 31-May Interest Payable $333.00 Bond Interest Expense $1,891.00 Discounts on Bonds Payable Cash 15 2009 1-Jan Cash $90,000.00 Notes Payable 2009 31-Dec Interest Expense $4,500 Notes Payable $20,881 Cash 2010 31-Dec Interest Expense $3,456 Notes Payable $21,925 Cash 2010 31-Dec Interest Expense $2,360 Notes Payable $23,021 Cash 2010 31-Dec Interest Expense $1,208 Notes Payable $24,173 Cash 0-1, 10-4, 10-13, 10-15 $3,650,000.00 $182,500.00 $3,650,000.00 $3,650,000.00 $182,500.00 Carrying Value $461,795 $459,829 $457,863 $455,897 $453,931 $451,965 $450,000 Carrying Value $47,850 $48,119 $48,388 $48,657 $48,926 $49,195 $49,464 $49,733 $50,000 $269.00 $2,000.00 $45.00 $333.00 $224.00 $2,000.00 $90,000.00 $25,381 $25,381 $25,381 $25,381...
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This note was uploaded on 02/20/2010 for the course BA 211 taught by Professor Culver during the Fall '08 term at Lane Community College.

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Chapter 10 Accounting Homework - Interest Payable 31-May...

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